Annuities are quite balance sheet intensive. Challenger seemed to have a nice capital buffer so I can only presume that they want the additional capital as they are forecasting strong annuity and life sales. Markets always retreat when an issue is announced. However, it is a positive in my book.
Annuities are quite balance sheet intensive. Challenger seemed...
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$6.89 |
Change
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Mkt cap ! $4.761B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $6.99 | $6.88 | $7.286M | 1.052M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1818 | $6.89 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.90 | 13335 | 3 |
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| CGF (ASX) Chart |